Senior Manager – Financial Crime Compliance

Korakhoa Solutions; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Korakhoa Solutions in Johannesburg seeks a Senior Manager: Financial Crime Compliance to provide expert oversight, guidance, and independent challenge across our banking operations.

You will champion our delegated financial crime compliance programme, bridging SA regulations with data-driven screening and monitoring systems.

Qualifications

• 7+ years in banking/financial crime compliance with AML/CFT and sanctions expertise.
• 3+ years in a management/supervisory role.
• Formal qualification in law/compliance; CAMS or equivalent is a plus.

Responsibilities

• Lead maintenance and oversight of the RMCP and related policies.
• Coordinate annual and event-driven AML/CFT risk assessments.
• Oversee customer risk ratings, due diligence and re-KYC processes.
• Manage sanctions screening, reporting, and freezing requirements.
• Review monitoring, data quality and investigation outcomes.
• Ensure timely regulatory reporting and governance disclosures.

Skills

AML/CFT

Sanctions

Customer due diligence

Regulatory reporting

Risk assessments

Monitoring & investigations

Governance

Training

FATCA/CRS

Education

Tertiary qualification in law/compliance

CAMS or equivalent (advantage)

Tools

Screening systems

RMCP framework

Data quality tooling

Job description

Johannesburg, South Africa | Posted on 11/09/2026

We offer comprehensive services in Recruitment(Permanent, Temporary, Fixed-term Contracts), Payroll Administration, andLabour Relations.

Job Description

We are seeking a Senior Manager: Financial Crime Compliance to provide robust specialist oversight, expert guidance, and independent challenge across our banking operations. Reporting directly to the Chief Compliance Officer, you will champion the delivery of our delegated financial crime compliance programme. This role demands a strategic thinker who can seamlessly bridge the gap between complex South African regulatory frameworks and technical, data-driven screening and monitoring systems.

Key responsibilities

• Framework and advice: Lead the maintenance and oversight of the RMCP, policies andprocedures; advise business and management on financial crime requirements andescalate material concerns.
• Risk assessments: Coordinate annual and event-driven AML/CFT/CPF risk assessments,including assessments of new products, delivery channels and material businesschanges.
• Customer due diligence: Provide second-line oversight of customer risk ratings, beneficialownership, periodic reviews, re-KYC and enhanced due diligence, includinghigh-risk relationship escalations.
• Sanctions: Oversee customer and payment screening controls, sanctions-listupdates, potential-match escalation, applicable freezing and reportingrequirements, and proliferation financing controls.
• Monitoring and investigations: Review transaction monitoring and screening effectiveness, dataquality, alert backlogs, investigation quality and timely case resolution.
• Regulatory reporting: Oversee the quality and timely submission of applicable FIC and otherdelegated regulatory reports, maintaining confidentiality and appropriaterecords.
• Compliance assurance: Lead the financial crime monitoring plan, conduct risk-based testingand track corrective actions through to evidenced, effective closure.
• Regulatory engagement: Coordinate financial crime inspections, regulatory responses andremediation, supporting the Chief Compliance Officer.
• Governance: Contribute to the annual Compliance Activity Plan and prepare quarterlymanagement, Group and Audit Committee reports, including material risks,control weaknesses and overdue actions.
• Training: Deliver role-based financial crime training, maintain trainingmaterials and assess training effectiveness.
• FATCA and CRS: Support reporting to SARS and implementation of new reportingrequirements within the role’s delegated mandate.

Requirements

Experience and qualifications:

• Atleast 7 years’ relevant banking compliance experience, including specialistexperience in AML/CFT/CPF and sanctions compliance or senior specialistcapacity
• Atleast three years in a management/supervisory role.
• Arelevant tertiary qualification in law, compliance, risk management or arelated discipline. A recognised specialist AML/financial crime qualification,such as CAMS or an equivalent qualification, would be advantageous.
• Soundknowledge of applicable South African financial crime legislation, regulatoryrequirements and relevant international standards.
• Demonstratedexperience in risk-based financial crime frameworks and Risk Management andCompliance Programmes (RMCPs), customer and beneficial ownership due diligence,sanctions screening, transaction monitoring, investigations and regulatoryreporting.
• Systemsand data: experience assessing screening and monitoring systems, data quality,scenario coverage, tuning and effectiveness testing.